Power crisis hits firms hard


In the dark: Drivers and motorcyclists moving through a street during a blackout in Hanoi. — AP

An intensely hot summer and unprecedented drought are straining energy supplies in northern Vietnam, prompting rolling blackouts and sudden power outages that have led to “uncountable” losses among local firms and foreign manufacturers.

Vietnam is a crucial part of the supply chain for some of the world’s most important companies, and many of them – including Samsung and Apple supplier Foxconn – have factories in the north, not far from the capital Hanoi.

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